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Srettha Thavisin

International

Thailand’s Pheu Thai party chooses Paetongtarn Shinawatra as PM candidate

This will signal continuity after Srettha Thavisin was removed as prime minister

Pheu Thai must choose one of two eligible candidates - Chaikasem Nitisiri (pictured), a former attorney-general and justice minister or its inexperienced leader Paetongtarn Shinawatra, the 37-year-old daughter of divisive political heavyweight Thaksin Shinawatra.
Asean Business

Thailand’s Pheu Thai party to decide PM candidate as parliamentary vote looms

THE biggest party in Thailand’s caretaker government will meet on Thursday to choose a successor for dismissed former premier Srettha Thavisin, as it races to shore up its alliance a day ahead of a pi...

Thailand Prime Minister Srettha Thavisin’s removal after less than a year in power means parliament must convene to choose a new premier, with the prospect of more uncertainty in a country dogged for two decades by coups and court rulings.
Asean Business

Thai court removes PM Srettha Thavisin for gross ethics violation

Real estate tycoon Srettha becomes the fourth Thai premier in 16 years to be removed by verdicts by the same court

After a one-day debate by lawmakers to scrutinise the much-criticised handout scheme, the budget passed with 297 votes in favour and 164 against as the Pheu Thai Party-led government commands a majority in the House of Representatives.
Asean Business

Thailand’s extra 122 billion baht budget for stimulus clears first parliamentary vote

THE Thai government’s additional 122 billion baht (S$4.6 billion) budget bill for the 2024 fiscal year to finance its signature stimulus programme passed its first parliamentary vote on Wednesday (Jul...

Thailand's Prime Minister Srettha Thavisin has promised additional measures next week, including support for high electricity prices, as he looks to spark growth in South-east Asia’s second-largest economy.
Asean Business

Thailand approves 100 billion-baht soft loan scheme for commercial banks

THAILAND’S Cabinet on Tuesday (Jul 16) approved a 100 billion-baht (S$3.7 billion) soft loan scheme where funds would be lent to commercial banks so they could on-lend to borrowers at below-market rat...

The scheme is slated to start in the fourth quarter but the government has struggled to find sources of funding.
Asean Business

Thai PM says digital wallet scheme will spur jobs and manufacturing

THE Thai government’s flagship 500 billion baht (S$18.6 billion) “digital wallet” handout scheme will spur job creation and stimulate underdeveloped provinces and regions, Prime Minister Srettha Thavi...

The new upper house will not have a role in voting to approve who becomes prime minister, but will retain the power to vet laws and appoint crucial members of powerful organisations like the Election Commission and the Constitutional Court.
Asean Business

Thailand announces new senate, replacing army-appointed lawmakers

THAILAND’S Election Commission on Wednesday (Jul 10) endorsed 200 new senators who will replace a military-appointed upper house, revealing a new legislative body that analysts say could make it harde...

The cash handout is the centrepiece of Prime Minister Srettha Thavisin’s strategy to lift the economy out of a sub-2 per cent average economic expansion in the past decade.
International

Thailand moves closer to cash stimulus programme with funding plan

The Cabinet approved the second revision of a public debt plan, with new borrowings rising by 276 billion baht to 1.03 trillion baht

Thailand Prime Minister Srettha Thavisin's tenure is also threatened by a legal challenge, with the Constitutional Court scrutinising a petition to disqualify him.
Asean Business

Thai PM Srettha’s popularity slides as opposition keeps climbing

THE popularity of Thai prime minister Srettha Thavisin and his Pheu Thai Party continued to decline in the latest opinion poll amid mounting legal and economic challenges, while the opposition gained ...

Sethaput Suthiwartnarueput, governor of the Bank of Thailand says with private consumption forecast to expand about 4 per cent this year after a record growth of 7 per cent last year, there’s no need to stimulate demand across the board.
International

Thai central bank renews case to limit US$14 billion stimulus

It says the prudent thing would be to focus on the needy

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